Multipolarista on Sep 8, 2022
Economist Michael Hudson discusses partial student debt relief in the US, inflation and the Fed, disaster capitalism in Ukraine, and China’s challenge to the petrodollar.
The U.S. aim is to keep them from trading with China and Russia
The Iron Curtain of the 1940s and ‘50s was ostensibly designed to isolate Russia from Western Europe – to keep out Communist ideology and military penetration. Today’s sanctions regime is aimed inward, to prevent America’s NATO and other Western allies from opening up more trade and investment with Russia and China. The aim is not so much to isolate Russia and China as to hold these allies firmly within America’s own economic orbit. Allies are to forego the benefits of importing Russian gas and Chinese products, buying much higher-priced U.S. LNG and other exports, capped by more U.S. arms.
The “Christmas Truce of 1914” was a short-lived, unofficial lull in combat between two antagonistic rival forces, determined to exercise military, political and economic supremacy over each other in Europe and in the colonized world, to which these imperial powers lay arrogant false claim. One of the bloodiest episodes in human history, World War I was largely played out on the battle-scarred lands of France and Belgium, starting in August of 1914.
A crucial argument for the incessantly promoted idea that capitalism will be with us for a long time to come is the idea of inertia in human understanding. Ideas are stubbornly persistent and can only be changed over long periods of time. Slow evolutionary change is the best we can hope for, and the prospects even for that are uncertain and fragile.
The 2021 summit of the Group of Seven (G7) – lasting from June 11 to 13 – was held at Cornwall, a south-west England holiday destination. Bland globalism and insipid liberalism dominated the agenda on both pandemic and climate change. “Carbis Bay Declaration”– intended as a statement on the health situation – asserted that the “G7 is uniquely well-placed to lead global efforts in pandemic prevention – the group is home to two-thirds of the world’s pharmaceutical market and the four coronavirus vaccines licensed for use in the UK were all developed in G7 nations (the UK, US and Germany).” The concentration of medical resources in a few rich nations is not a thing to be proud of. In fact, this monopolist pattern has manifested itself in vaccine imperialism – the unequal distribution of COVID-19 vaccines on economic lines. Instead of facilitating a substantive dialogue over the suspension of intellectual property rights related to COVID-19, G7 nations have been content to make measly donation pledges, treating the poorer nations as passive subjects of philanthropy.
with Abby Martin
Empire Files on Mar 4, 2021
Abby Martin’s Empire Update wraps up the last week in US imperialism: Biden breaks major campaign promise to punish Saudi Arabia for Khashoggi murder; US & France extend war in Africa; Bolivia and Venezuela defy US Empire; major bloodshed on the horizon in Afghanistan.
The class struggle in the United States is in limbo. So many Americans are struggling amid declining living standards and are angry at the system, yet they aren’t rebelling like the people in France, Chile, and other deteriorated neoliberal countries have recently been doing. Where are the mass protests? Where are the general strikes? Understanding why an American class revolt still hasn’t manifested is key to understanding how it can be brought about.
The splits and rancor at the NATO summit this week could not be concealed, even by strained calls for “unity”. The US-led military alliance is a dinosaur well past its extinction date.
with Chris Hedges
RT America on Nov 18, 2019
US President Donald Trump’s pardon of three military officers who were convicted of committing war crimes has drawn criticism. Former New York Times war correspondent and “On Contact” host Chris Hedges weighs in. He also discusses the Times’ coverage of an alleged leak of Iranian intelligence cables.
“The Paris Commune of 1871 was one of the greatest and most inspiring episodes in the history of the working class. In a tremendous revolutionary movement, the working people of Paris replaced the capitalist state with their own organs of government and held political power until their downfall in the last week of May. The Parisian workers strove, in extremely difficult circumstances, to put an end to exploitation and oppression, and to reorganise society on an entirely new foundation. 130 years later the lessons of these events are of fundamental importance for socialists today.” — Greg Oxely, The Paris Commune of 1871, May 16, 2001